Market Insider

This could be the big factor for markets Friday

What do strategists forecast?

In a market looking for news, the dollar could be the story of the day on Friday.

As the dollar index surged more than 1 percent Thursday, the euro sank to $1.06 and it continued to fall Friday into the $1.05 range. U.S. Treasury yields rose Thursday but backed off Friday as European yields fell. Stock futures were mixed Friday, after ending Thursday mostly higher with a near half-percent gain in the to 2091 and a 0.3 percent gain in the Dow to 17,958. But there was a decline of 0.3 percent in the small cap Russell 2000.

Bond yields climbed Thursday after a poor showing at the government's 30-year auction. The bond sale resulted in a yield of 2.598 percent, and as Treasurys sold off, the 10-year yield climbed back to 1.95 percent.